common-close-0
BYDFi
Trade wherever you are!

What are the alternatives to Bitcoin ETF if it is not approved in March 2019?

avatarmiral yaseenDec 28, 2021 · 3 years ago3 answers

If the Bitcoin ETF is not approved in March 2019, what other options are available for investors to gain exposure to the cryptocurrency market?

What are the alternatives to Bitcoin ETF if it is not approved in March 2019?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    One alternative to the Bitcoin ETF is investing directly in Bitcoin. Investors can buy Bitcoin on cryptocurrency exchanges and hold it in a digital wallet. This allows them to directly own and manage their Bitcoin holdings. However, investing in Bitcoin directly carries the risk of price volatility and security concerns associated with storing digital assets.
  • avatarDec 28, 2021 · 3 years ago
    Another alternative is investing in other cryptocurrencies. There are thousands of cryptocurrencies available on various exchanges. Investors can research and choose cryptocurrencies they believe have potential for growth. However, it's important to note that investing in cryptocurrencies other than Bitcoin carries its own risks, including regulatory uncertainties and the potential for scams and frauds.
  • avatarDec 28, 2021 · 3 years ago
    If the Bitcoin ETF is not approved, investors can also consider investing in cryptocurrency-related stocks. There are publicly traded companies that are involved in the cryptocurrency industry, such as mining companies, payment processors, and blockchain technology providers. Investing in these stocks allows investors to indirectly gain exposure to the cryptocurrency market without directly owning cryptocurrencies. However, it's important to carefully research and evaluate the financial health and prospects of these companies before investing.